If as has been hinted, by Cummings and a Johnson, that they are intending to launch a FDR type of economic new deal, I for one would be very open to the idea if the recovery and it’s policies were directed at the hardest hit, just as Roosevelt did in the 30s.
It means if they are indeed going to follow the plan it will mean a complete reversal of Tory economics since the Thatcher years.
It means that will recognise the importance of government spending as a driver to boost consumer demand.
It means that there will be government spending on large scale infrastructure to kick start a failing economy.
It means the implication of Keynesian Economic Policies - something some of us have been banging on about for years.
It means that it will concentrate on creating jobs, and those sectors hit the hardest.
I do hope that they are up to it as they don’t fill me with confidence at the moment.
I’m not sure how they will sell it to the right wing of the party, or indeed those people like we have on here who have for years rejected the notion, as “spending money we don’t have”
Although I am sure they will find a reason why suddenly Keynesian is the thing.
We will wait and watch.
Whitewavemark2 Mon 29-Jun-20 12:38:58
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